Continental Prison Systems, Inc. (OTCPK:CPSZ) announced a private placement of common shares for gross proceeds of $3,009,000 on June 6, 2013. The transaction will see participation from one investor. The company will issue securities pursuant to exemption provided under Regulation D.

The transaction was cancelled as of September 18, 2013. The company did not receive any sales commissions or finders' fees for the transaction.