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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
VERIDA INTERNET CORP.
(Name of Issuer)
Common Stock, $.00001 par value
(Title of Class of Securities)
923427108
(CUSIP Number)
November 19, 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).
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CUSIP No. 923427108 13G Page 2 of 5
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1. Names of Reporting Person. PANORAMA RIDGE INVESTMENT CORP.
I.R.S. Identification Nos. of Above Persons (entities only) [N/A]
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2. Check the Appropriate Box if a Member of a Group. (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization British Columbia
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Number of Shares 5. Sole Voting Power 456,300
Beneficially ----------------------------------------------------
Owned by Each 6. Shared Voting Power 0
Reporting ----------------------------------------------------
Person With 7. Sole Dispositive Power 456,300
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8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 456,300
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
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11. Percent of Class Represented by Amount in Row 9 4.99%
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12. Type of Reporting Person (See Instructions) CO
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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 $0.00001.
(e) The CUSIP number of the Common Stock is 923427108
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CUSIP No. 923427108 13G Page 3 of 5
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)
(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.
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CUSIP No. 923427108 13G Page 4 of 5
The Reporting Person owns beneficially the respective
percentages and numbers of Common Shares set forth below (on the
basis of 9,150,571 shares of Common Stock issued and outstanding).
(a) 456,300 Common Shares
(b) Percent of class: 4.99%
(c) Number of shares as to which the Reporting Person has:
(i) Sole power to vote or to direct the vote: 456,300
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 456,300
(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 [ x ].
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.
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CUSIP No. 923427108 13G Page 5 of 5
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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 22, 1999 PANORAMA RIDGE INVESTMENT CORP.
BY: /s/ Jack Lorretto
Jack Loretto: President
