Oct 5 (Reuters) - Ceres Global Ag Corp CRP.TO :
* CERES GLOBAL AG SETTLES LAWSUIT WITH THE SCOULAR COMPANY
* CERES GLOBAL AG - AS PART OF SETTLEMENT, CO WILL PAY $11.25 MILLION IN CASH TO SCOULAR
* CERES GLOBAL AG CORP - SETTLEMENT INCLUDES REIMBURSEMENT FOR CONTRIBUTIONS MADE DURING DEVELOPMENT OF NORTHGATE
* CERES GLOBAL AG CORP - WILL RECOGNIZE A LOSS OF $8.25 MILLION IN FINANCIAL STATEMENTS