June 13 (Reuters) - Gateway Lifestyle Group GTY.AX :
* RECEIVED A CONFIDENTIAL, INDICATIVE AND NON-BINDING PROPOSAL FROM HOMETOWN
* PROPOSAL TO ACQUIRE 100% OF ISSUED STAPLED SECURITIES OF GATEWAY LIFESTYLE AT AN INDICATIVE PRICE OF $2.10 PER SECURITY
* SECURITYHOLDERS NEED NOT TAKE ANY ACTION AT THIS POINT
* GATEWAY LIFESTYLE HAS NOT AGREED TO PROVIDE DUE DILIGENCE ACCESS AT THIS STAGE