Ceres Announces Closing of Follow-On Offering

                Ceres Announces Closing of Follow-On Offering

PR Newswire

THOUSAND OAKS, Calif., March 10, 2014

THOUSAND OAKS, Calif., March 10, 2014 /PRNewswire/ --Ceres, Inc. (Nasdaq:
CERE), an agricultural biotechnology and seed company, announced today the
closing of its previously announced underwritten public offering of 20,000,000
shares of common stock at a public offering price of $1.00 per share. In
connection with this offering, the underwriter exercised in full its option to
purchase an additional 3,000,000 shares of common stock from the company.
Total gross proceeds from the offering were $23,000,000, before deducting
underwriting discounts and commissions and other offering expenses payable by
the company.

Aegis Capital Corp acted as sole book-running manager for the offering.

Trout Capital LLC acted as financial advisor to Ceres.

A registration statement on Form S-1 relating to this offering was declared
effective by the U.S. Securities and Exchange Commission on March 4, 2014.
This offering is being made solely by means of a written prospectus forming
part of the effective registration statement relating to these securities.
Copies of the prospectus relating to this offering may be obtained by
contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue,
18th Floor, New York, NY 10019, telephone: (212) 813-1010, e-mail:
prospectus@aegiscap.com. Copies of the registration statement can be accessed
through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sales of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such
jurisdiction.

ABOUT CERES

Ceres, Inc. is an agricultural biotechnology company that markets seeds for
energy crops used in the production of renewable transportation fuels,
electricity and bio-based products. The company combines advanced plant
breeding and biotechnology to develop products that can address the
limitations of first-generation bioenergy feedstocks, increase biomass
productivity, reduce crop inputs and improve cultivation on marginal land. Its
development activities include sweet sorghum, high-biomass sorghum,
switchgrass and miscanthus. Ceres markets its products under its Blade brand.

CERES FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. All statements,
other than statements of historical facts, are forward-looking statements. You
should not place undue reliance on these forward-looking statements because
they involve known and unknown risks, uncertainties and other factors that
are, in some cases, beyond Ceres' control. Factors that could materially
affect actual results can be found in Ceres' filings with the U.S. Securities
and Exchange Commission. Ceres undertakes no obligation to update publicly,
except to the extent required by law, any forward-looking statements for any
reason after the date the company issues this press release to conform these
statements to actual results or to changes in the company's expectations.

SOURCE Ceres, Inc.

Website: http://www.ceres.net
Contact: Gary Koppenjan, (805) 375-7801, ir@ceres.net
 
Press spacebar to pause and continue. Press esc to stop.