<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
VERIDA INTERNET CORP.
(Name of Issuer)
Common Stock, $.00001 par value
(Title of Class of Securities)
923427108
(CUSIP Number)
June 10, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and for
any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see the Notes).
<PAGE>
<PAGE> 2
CUSIP No. 923427108 13G
--------------------------------------------------------------
1. Names of Reporting Person I.R.S. Identification Nos. of
Above Persons (entities only)
PANORAMA RIDGE INVESTMENT CORP. I.R.S. I.D. # [N/A]
-------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions.)
(a) [ ]
(b) [ ]
--------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------
4. Citizenship or Place of Organization British Columbia
------------------------------------------------------------
Number of Shares 5. Sole Voting Power 504,100
Beneficially ----------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting -----------------------------------------
Person With 7. Sole Dispositive Power 504,100
-----------------------------------------
8. Shared Dispositive Power 0
--------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
504,100
--------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
-------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9
5.63%
--------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
-------------------------------------------------------------
<PAGE> 2
CUSIP No. 923427108 13G
--------------------------------------------------------------
Item 1.
(a) The name of the issuer is VERIDA INTERNET CORP.. (the
"Issuer").
(b) The principal executive office of the Issuer is located
at 50 California Street Suite 1500, San Francisco,
California 94111
Item 2.
(a) This statement is being filed by: Panorama Ridge
Investment Corp. (the "Reporting Person")
(b) The business address of the Reporting Persons is 12190
New McLellan Road, Surrey, British Columbia, V3X 2Y1
(c) Citizenship of Reporting Person or Place of
Incorporation: British Columbia
(d) This class of securities to which this statement relates
is Common Stock of the Issuer with a par value of $.00001.
(e) The CUSIP number of the Common Stock is 923427108
Item 3.
If this statement is filed pursuant to rule 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) ___ Broker or dealer registered under section 15 of the
Act (15 U.S.C.78o).
(b) ___ Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) ___ Insurance company as defined in section 3(a)(19)
of the Act (15U.S.C. 78c).
(d) ___ Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ___ An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G)
<PAGE> 4
CUSIP No. 923427108 13G
------------------------------------------------------------
(h) ___ A savings association as defined in section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) ___ A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) ___ Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 240.13d-1(c), check
this box. [ X ].
Item 4. Ownership.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
The Reporting Person owns beneficially the respective
percentages and numbers of Common Shares set forth below (on
the basis of 8,947,000 shares of Common Stock issued and
outstanding).
(a) 504,100 Common Shares
(b) Percent of class: 5.63%
(c) Number of shares as to which the Reporting Person has:
(i) Sole power to vote or to direct the vote: 504,100
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 504,100
(iv) Shared power to dispose or to direct the
disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
<PAGE> 5
CUSIP No. 923427108 13G
--------------------------------------------------------------
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by
the Parent holding Company
Not applicable.
Item 8. Identification and Classification of Members of the
group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
Dated: June 8, 1999
PANORAMA RIDGE INVESTMENT CORP.
BY: /s/ Jack Loretto
Jack Loretto: President
