Rubicon Water (ASX:RWL) said it remains in compliance with listing rules following an ASX query over the disclosure of material information related to a project in Morocco, according to a Friday filing with the bourse.

A joint venture bid incorporating about AU$12 million of Rubicon Water technology was selected for a major irrigation modernization project in Morocco.

The company said it became aware of that information when it was disclosed on the Moroccan official public procurements portal late on Friday, Sept. 25. It planned to release the information to the Australian market before the start of trading on Monday, Sept. 28, but the disclosure was delayed to four seconds after market open due to technical issues.

Rubicon Water said it "considers it lodged the announcement promptly and without delay."

The company's shares rose 7% in recent Friday trade.