GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 770,020 common shares at a price of $0.1948 per share for gross proceeds of $150,000 on December 26, 2018. The transaction included participation from individual investor Warren Mosler. The company also issued 385,010 warrants. Each warrant entitles the holder to purchase one common share of the company at an exercise price of $2 per share for a period of two years. The securities are being issued pursuant to exemption provided in Section 4(a)(2) and Rule 506(b).