1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 February 6, 2001 VERIDA INTERNET CORP. Nevada 0-25757 98-0164651 (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) incorporation) 50 California Street, Suite 1500 San Francisco, California 94111 (415) 464-8600 Item 2. Disposition of Assets On January 30, 2001 Verida Internet Corp. ("Verida") announced plans to reorganize its business in light of the insolvency of its majority-owned subsidiary, AgriPlace. Verida's agribusiness subsidiary, AgriPlace Inc. that was serving the Canadian grain market, has been unable to secure sufficient financing to continue operations. As a result, the holders of its indebtedness are proceeding to take steps to realize on the companies remaining assets. As a consequence, the officers and directors of AgriPlace have resigned, and the company has ceased operations. It is likely that Verida will not recover any amount from its investment in AgriPlace. As of February 1, 2001, substantially all of the company's executive management has resigned. Verida is currently consulting with legal counsel with a view toward ascertaining whether protection from Verida's creditors will be necessary. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: VERIDA INTERNET CORP. BY: /s/ Michael C. Hinshaw Michael C. Hinshaw President