GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 500,000 shares at a price of $0.15 per share for gross proceeds of $75,000 on June 10, 2019. The transaction included participation from existing investor Michael Reger; chairman and chief executive officer of the company. The company also issued 250,000 two-year warrants exercisable at $2 per share. The company issued securities pursuant to exemption provided under Section 4(a)(2) and Rule 506(b).