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Irongate Group (ASX: IAP) has announced a trading halt.

Irongate Group (ASX: IAP) has announced a trading halt.

There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

Irongate Group has requested a trading halt pending the release of an announcement to the market of a significant transaction, involving a material acquisition partly funded by an underwritten placement.

Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.

Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.

The trading halt will remain in place until normal trading commences on December 10, 2021 or when the company announcement is made.

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