Could be a bit more complicated than just releasing news. My...

Could be a bit more complicated than just releasing news. My take is that management were probably in negotiations around "the deal", but there was a leak somewhere which prompted strong buying. ASX sent a speeding ticket which resulted in the company needing to issue a response other than the normal "nothing to see here" response. Because the deal is not yet signed sealed and delivered, we need to go into a trading halt. Personally, I wouldn't be surprised if this goes to suspension while "the deal" is being finalised. My guess on the nature of a deal: a commercial partnership deal rather than cap raise - evidence - the announcement simply said "funding", But i could be waaaaay off.