GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 1,515,152 common shares at a price of $0.165 per share for gross proceeds of $150,000 on December 14, 2018. The transaction included participation from individual investor Warren Mosler. The company also issued 423,729 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).