GelTech Solutions, Inc. (OTCPK:GLTC) announced that it has issued 108,108 common shares and 54,054 warrants for gross proceeds of $40,000 from an entity controlled by individual investor Warren Mosler and 297,298 common shares and 148,649 two year warrants for gross proceeds of $110,000 from Chairman and President of the company Michael Reger for total gross proceeds of $150,000 on August 10, 2018. 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).