Cara Operations Limited, Keg Restaurants Ltd. and The Keg Royalties Income Fund announced that Cara and KRL have agreed to merge pursuant to the terms of a binding letter of intent. Mr. Aisenstat is currently President and CEO of KRL and will remain in this position while overseeing the three additional Cara brands. David will also join the Cara Board of Directors as Vice-Chairman. Bill Gregson will remain as President and CEO of Cara and will remain as Chairman of the Cara Board of Directors. Cara intends to change its corporate name to reflect this new business composition following the closing of the transaction.