Oct 10 (Reuters) - Hexagon Resources Ltd HXG.AX :
* SECURED OPTION TO ACQUIRE 49% INTEREST IN DOWNSTREAM RARE-EARTH ELEMENTS SEPARATION TECHNOLOGY
* HEXAGON INVESTING US$2 MILLION INTO CONSTRUCTION OF A COMMERCIAL DEMONSTRATION PLANT, PAYING US$4 MILLION TO IMC AS DEFERRED CONSIDERATION
* OPTION TO ACQUIRE TECHNOLOGY FROM INNOVATION METALS CORP