Oct 18 (Reuters) - Irongate Group (IAP) :
- RECEIVES UNSOLICITED, HIGHLY CONDITIONAL, INDICATIVE AND NON-BINDING PROPOSAL FROM 360 CAPITAL GROUP
- IAP BOARD IS CONSIDERING INDICATIVE PROPOSAL WITH ASSISTANCE OF ITS ADVISERS
- UNDER DEAL, 360 CAPITAL TO BUY IAP SECURITIES IT DOES NOT ALREADY OWN FOR A$1.6047 CASH PER IAP STAPLED SECURITY