Filed pursuant to Rule No. 424(b) (3) and (c)
File No. 333-60224
Prospectus Supplement dated December 31, 2001
STRUTHERS, INC.
(Company Name)
605 Rossville Road
Waukon, Iowa 52172
563-568-4950
(Address and Telephone Number)
Richard S. Lane, Esq.
One Old Country Road
Carle Place, New York 11514
516-248-0858
(Contact Person, Address and Telephone Number)
FILED PURSUANT TO RULE 424(b) (3) AND (c)
FILE NUMBER 333-60224
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED APRIL 18, 2001
118,333,333 shares
STRUTHERS, INC.
common stock, par value $0.001 per share
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This prospectus supplement supplements our prospectus dated April 18,
2001 relating to the resale by the selling stockholder of up to 218,000,000
shares of our common stock, par value $0.001 per share, which may be offered and
sold from time to time by the selling stockholder. This prospectus supplement
should be read in conjunction with the original prospectus, and this prospectus
supplement is qualified by reference to the original prospectus except to the
extent that the information supersedes the information contained in the original
prospectus.
Plan of Distribution. Pursuant to a fifth put purchase notice given in
accordance with the Common Stock Purchase Agreement between the selling
stockholder and Struthers, Inc., the selling stockholder has purchased a total
of 25,000,000 shares of Struthers, Inc.'s common stock at an average purchase
price per share of $.005. The total purchase price for all of these shares is
$100,000.
Struthers, Inc. has received proceeds from the sale of these shares of
$100,000, less a 4% placement fee of $4,000. These shares are listed on the OTC
Bulletin Board under the symbol STRU. The offering price of these shares was
established with reference to prices of Struthers, Inc.'s common stock on the
OTC Bulletin Board for the period beginning November 29, 2001 and ending
December 5, 2001.
Pursuant to four prior put purchase notices given in accordance with
the Common Stock Purchase Agreement between the selling stockholder and
Struthers, Inc., the selling stockholder purchased a total of 52,897,662 shares
of Struthers, Inc. from the sale of which shares Struthers, Inc. had received
850,000, less a 4% placement fee of $34,000.
The selling stockholder is an underwriter within the meaning of the
Securities Act of 1933. Struthers, Inc. has no arrangement or understanding,
formal or informal, relating to a distribution of these shares. Any resale of
these shares by the selling stockholder would be solely at its election and
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would not be made on behalf of or at the request of Struthers, Inc.
Struthers, Inc. does not have any specific knowledge of the intentions, if any,
of the selling stockholder to resell and distribute these shares.
Use of Proceeds. The net proceeds to Struthers, Inc. from the sale of
these shares will be added to the general funds of Struthers, Inc. and may be
used for general corporate purposes, including working capital.
General. The mailing address and telephone number of the principal
executive offices of Struthers, Inc. are: 605 Rossville Road, Waukon, Iowa
52172, 563-568-4950.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these shares or determined if this
Prospectus Supplement and the accompanying Prospectus are truthful or complete.
Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is December 31, 2001.
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