HALTED - PENDING NEWS GLM.V is HALTED, pending news.
It would seem to me that you do not halt stock if news was unfavorable given that you have nothing to start with, therefore nothing to lose. A simple news release without a halt would have been sufficient for bad news.
VANCOUVER, BC, Sept. 24, 2020 /CNW/ - The following issues have been halted by IIROC:
Company: Golden Lake Exploration Inc.
CSE Symbol: GLM
All Issues: Yes
Reason: At the request of the Company Pending News
Halt Time (ET): 8:52 AM