Feb 15 (Reuters) - Gran Colombia Gold Corp GCM.TO :
* GRAN COLOMBIA ANNOUNCES TERMS FOR ITS PROPOSED US$152 MILLION DEBT FINANCING
* GRAN COLOMBIA - TERMS FOR PROPOSED FINANCING INCLUDE EACH UNIT TO CONSIST OF US$1,000 PRINCIPAL AMOUNT OF SENIOR SECURED GOLD-LINKED NOTES
* GRAN COLOMBIA - TERMS FOR PROPOSED FINANCING INCLUDE EACH UNIT TO ALSO CONSIST OF 124 COMMON SHARE PURCHASE WARRANTS OF CO
* GRAN COLOMBIA - PROCEEDS TO BE USED FOR REDEMPTION IN FULL, AT PAR, OF CERATIN OUTSTANDING DEBENTURES
* GRAN COLOMBIA - NOTES WILL HAVE AN EIGHT-YEAR TERM AND ARE NON-CALLABLE FOR FIRST 3 YRS