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Supreme Court of Bermuda Extends Interim Injunction Restraining ASA and Two of its Directors – Mary Joan Hoene and William Donovan – From Unauthorized Use of Company Resources

1. Bermuda Court extends injunction against ASA's resource use for board interference. 2. Injunction affects two directors, limiting their actions before the June 13 meeting.

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FAQ

Why Bearish?

Legal complexities can create uncertainty, paralleling past scenarios where board disputes negatively impacted share prices.

How important is it?

The extension of the injunction could instigate short-term volatility in ASA's share price due to governance issues.

Why Short Term?

The immediate impact is related to upcoming board decisions, which can influence stock sentiment quickly.

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NEW YORK--(BUSINESS WIRE)--Paul Kazarian, a member of the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Company”), today announced that the Supreme Court of Bermuda (the “Bermuda Court”) has extended the interim injunction Order originally issued on May 8, 2025. The Order prohibits ASA and two of its sitting directors, Mary Joan Hoene and William Donovan, from using ASA resources to interfere with the Company's June 13th Special General Meet.

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