Oct 6 (Reuters) - Hexagon Resources Ltd HXG.AX -
* 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 Source text for Eikon: ID:nASX6y9Hg9 Further company coverage: HXG.AX