GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 909,642 common shares at a price of $0.1649 per share for gross proceeds of $149,999.9658 on January 14, 2019. The transaction included participation from an entity affiliated with returning investor Warren Mosler who hold 10% stake in the company. The company also issued 454,821 warrants exercisable at $2 per share until January 14, 2021. The company issued securities pursuant to exemption provided under Section 4(a)(2) and Rule 506(b).