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NEW JERSEY RESOURCES CORPORATION FILES COMMON STOCK OFFERING

 NEW JERSEY RESOURCES CORPORATION FILES COMMON STOCK OFFERING
 WALL, N.J., Aug. 14 /PRNewswire/ -- New Jersey Resources Corporation (NYSE: NJR) announced today that it has filed a registration statement with the Securities and Exchange Commission to offer 1,500,000 shares of common stock through a group of underwriters to be managed by Merrill Lynch Capital Markets and Smith Barney, Harris Upham & Co. Incorporated.
 The offering, which will be made only be means of a prospectus, is expected to be completed in September 1992.
 The net proceeds of the shares offered by NJR will be used to reduce borrowings incurred for utility construction by NJR's principal subsidiary, New Jersey Natural Gas Company, and by NJR for the capital expenditure program of its natural gas and oil exploration and development subsidiary, NJR Energy Corporation.
 New Jersey Natural Gas is a public utility that distributes natural gas to more than 315,000 residential, commercial and industrial customers throughout most of Monmouth and Ocean counties and parts of Morris and Middlesex counties.
 -0- 8/14/92
 /CONTACT: Laurence M. Downes of New Jersey Resources, 908-938-1483/
 (NJR) CO: New Jersey Resources Corporation ST: New Jersey IN: UTI SU: OFR


SB -- NY045 -- 9981 08/14/92 11:52 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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