BRIDGEWATER, NOVA SCOTIA–(Marketwired – March 2, 2016) – Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) announces that it has closed the first tranche of its previously announced non-brokered private placement and raised gross proceeds of $333,295 (the offering). The offering will consist of the issuance of 4,443,933 shares and 2,221,967 warrants.