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/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/

VAUGHAN, ON, Nov. 12, 2015 /CNW/ - Cara Operations Limited ("Cara") (TSX: CAO) has filed a preliminary short form base shelf prospectus with the Canadian securities regulatory authorities. Once receipts for the final base shelf prospectus are obtained, the prospectus will allow Cara to offer from time to time over a 25-month period up to $1.5 billion of debt, equity or certain other securities. Should Cara offer any securities, it will make a prospectus supplement available that will include the specific terms of the securities being offered.

No securities may be sold nor may offers to buy be accepted prior to the time at which receipts for the final base shelf prospectus are obtained from the securities regulators. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

About CARA

Founded in 1883, Cara is Canada's oldest and largest full-service restaurant company.  The Company franchises and/or operates some of the most recognized brands in the country including Swiss Chalet,  Harvey's, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries,  Prime Pubs, Bier Markt and Landing restaurants.   As at September 27, 2015, Cara had 828 restaurants across Canada, 88% of which are operated by franchisees. Cara's restaurants are located across Canada with 72% of Cara's locations based in Ontario.  Cara's shares trade on the Toronto Stock Exchange under the ticker symbol CAO.  More information about the Company is available at www.cara.com.

SOURCE Cara Operations Limited