Oct 6 (Reuters) - Hexagon Resources Ltd (HXG) -
- Confirm it has received commitments to raise $2 million by issue of shares at a price of $0.20 per share
- Will issue 10 million shares under its existing placement capacity in coming days
- Funds will be used to accelerate stage 2 lithium-ion battery test work
- Results have significant implications for lowering Mcintosh's CAPEX and OPEX
