Filed
Pursuant to Rule 424(b)(3)
Registration
No. 333-144292
Sticker
Supplement
To
Prospectus
This
supplement updates certain information contained in Corning Natural Gas
Corporation’s prospectus dated July 17, 2007. The prospectus relates
to our 2007 rights offering of investment units consisting of shares of
Corning’s common stock and warrants to purchase additional shares of common
stock.
Each
warrant entitles the holder to purchase 0.7 shares of our stock at a cash
exercise price of $19.00 a share. In recognition of current adverse
market conditions and in order to raise capital to support our business plan,
our board of directors has elected to reduce the exercise price temporarily to
increase the likelihood of warrants being exercised in the near
term. As a result, we have entered into an amendment to the agreement
that governs the terms of the warrants. Pursuant to the amendment,
from July 6, 2009 to August 5, 2009 the warrant exercise price will be $15.00 a
share. After 5:00 p.m.,
New York City time, on August 5, 2009, the exercise price will revert back to
$19.00. We have not amended any other term or condition relating to
the warrants or their exercise.
The date
of this supplement is July 6, 2009