GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 847,458 common shares and 423,729 warrants for gross proceeds of $150,000 on November 29, 2018. The transaction included participation from an entity controlled by individual investor Warren Mosler for 395,480 shares and 197,740 warrants and Michael Reger for 451,978 shares and 225,989 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 24 months. The securities are being issued pursuant to exemption provided in Section 4(a)(2) and Rule 506(b).