Genesis Electronics Group, Inc. (OTCBB: GEGI) announced an equity line of credit with new investor Tangiers Investors, L.P. for gross proceeds of $5,000,000 on April 22, 2010. The investor has accepted 3,000,000 restricted shares of the company's stock in lieu of the investor's normal cash commitment fee. The securities will be issued pursuant to Regulation D.

On April 22, 2013, Genesis Electronics Group, Inc. cancelled the transaction.