Mantra Capital Inc. announced that Mr. Raj Chowdhry, a founding Director of the company, has tendered his resignation as Chief Executive Officer of the company, effective immediately. Mr. Chowdhry remains a director of the company. Mr. Steven Khan has been appointed as the company's Interim Chief Executive Officer.

For the past 10 years, he has focused on financing and corporate development activities for numerous private and public companies with Sona Capital Limited, his private company.