Gran Colombia Gold Corp. (TSX:GCM) announced that it has engaged GMP Securities L.P. as financial advisor to conduct a strategic review process that will explore alternatives to enhance shareholder value. The strategic review process will be broad and could include, but not be limited to, a strategic investment in the company by a third party, a business combination with another entity, a recapitalization of the company, a reduction of the principal outstanding under the Senior Secured Convertible Debentures due 2020, a sale of the company, or some combination of the foregoing.